Dr Martens' vegan range drives profits up by 70 per cent
5 years, 4 months ago

Dr Martens' vegan range drives profits up by 70 per cent

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Dr Martens’ profits have soared by 70 per cent in the year to the end of March, thanks to the success of its new vegan range of boots. The shoemaker’s chief executive, Kenny Wilson, says sales of Dr Martens’ vegan range have increased by “multiple hundreds of per cent” in recent years, with vegan boots now accounting for 4 per cent of the label’s sales. Dr Martens’ vegan range replaces leather with a synthetic material the label refers to as “Felix Rub Off”. Increased margins on these products meant underlying profits increased by 70 per cent year-on-year to £85m, the company said on Monday.

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